The government wants to set up a Special Economic Zone only for renewable energy. With world class infrastructure, it would provide a platform for technology providers and manufacturers to showcase their renewable energy products to potential customers around the world.
Speaking on the sidelights of the Fifth World Wind Energy conference in the capital, Minister of New and Renewable Energy Vilas Muttemwar said about US $ 2 billion would be required just for setting up manufacturing units of poly silicon modules, cells, panels for solar energy, besides units for making turbines for wind energy, hydro and equipment for generating bio mass energy.
The SEZ would be for export and also look into indigenous requirement.Tamil Nadu, Maharashtra, Karnataka, Andhra Pradesh, Madhya Pradesh had shown interest in setting up the SEZ. We will take a final decision looking at the global logistics, he added.
He said a draft policy on renewable energy is already on their website and after getting views of different stake holders it would be placed before the cabinet.
Earlier inaugurating the Conference President APJ Abdul Kalam also stressed that there is an urgent need for a "comprehensive renewable energy policy with mandatory and time-bound provisions."
He said by 2030, India will be needing 400,000 MW of electric power against the present 1,30,000 MW. For realizing energy independence by 2030 in the energy mix, we have to aim for at least 25 per cent of the total need should be derived from renewable energy sources.
Wind can rightfully take the credit of being the fastest growing energy source in the world with an annual growh rate of more than 26 per cent since 1990 .By the end of 2005 'wind' had reached an installed capacity of 60,000 MW globally and India stood fourth in the world with 5340 MW (as on March 31,2006). The total value of new generating equipment installed so far is over 14 billion,he added.
As on October 1 in the current year, India's installed capacity stood at 6053 MW. With a project cost of about Rs 5 crore per MW and generation cost of Rs 2.50 to Rs 3.50 per unit depending upon the site, the potential that the wind energy sector opens up is immense, he added.
Speaking at the conference, Vilas Muttemwar said what is needed for countries like ours are technologies that are developed for low wind regimes. This will require major engineering solutions of a very different kind not fully addressed by the manufacturers at the moment.